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secretary knows what happens. certainly, the big danger is that social security checks are not going to be mailed out and people will start seeing it in their pocket books. >> that's very scary to a lot of people, especially senior citizens. how likely is this? >> it's likely. i mean, the treasury is going to run out of ability to pay its bills very shortly. if not august 2nd, sometime over the coming weeks. >> patrick, washington only operates on crisis, they say. sometimes you have to increase the pressure to get a movement going. now we are talking about social security. in terms of the economy, in terms of -- it had these problems in california as well. it was is at stake here? and is this going to make it any better for the average person in the economic world in america today question the. >> and the likelihood is it will me things worse. i think there's a lot of stuff being debated about right now, but everything seems to point toward big cuts in spending over the next year. as we know, we are in a period of recession, high unemployment. during those times, it's really importa
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